Sequa gets $25 million revolver

By Sara Rosenberg

New York, Aug. 30 - Sequa Corp. closed on a new $25 million revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Bank of America acted as the lead bank on the deal, which was completed on Aug. 27.

Pricing on the revolver is Libor plus 75 basis points.

The revolver will mature on the earlier of Aug. 26, 2008 or a "change of control" of the company.

Sequa is a New York-based diversified industrial company.

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